Friedenthal Financial Cuts Stock Holdings in Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU)

Friedenthal Financial cut its stake in shares of Invesco S&P 500 Equal Weight Utilities ETF (NYSEARCA:RSPU) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,912 shares of the company’s stock after selling 192 shares during the quarter. Invesco S&P 500 Equal Weight Utilities ETF accounts for about 1.5% of Friedenthal Financial’s holdings, making the stock its 17th biggest holding. Friedenthal Financial’s holdings in Invesco S&P 500 Equal Weight Utilities ETF were worth $2,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Invesco S&P 500 Equal Weight Utilities ETF during the 3rd quarter worth $6,775,000. Financial Services Advisory Inc purchased a new stake in Invesco S&P 500 Equal Weight Utilities ETF during the third quarter valued at about $1,622,000. Jackson Wealth Management LLC lifted its stake in Invesco S&P 500 Equal Weight Utilities ETF by 98.0% during the third quarter. Jackson Wealth Management LLC now owns 31,895 shares of the company’s stock worth $2,191,000 after purchasing an additional 15,787 shares during the last quarter. Studio Investment Management LLC increased its position in shares of Invesco S&P 500 Equal Weight Utilities ETF by 18.1% during the 3rd quarter. Studio Investment Management LLC now owns 26,716 shares of the company’s stock valued at $1,835,000 after purchasing an additional 4,087 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Invesco S&P 500 Equal Weight Utilities ETF by 20.2% during the 3rd quarter. Stifel Financial Corp now owns 22,734 shares of the company’s stock valued at $1,562,000 after buying an additional 3,823 shares in the last quarter.

Invesco S&P 500 Equal Weight Utilities ETF Trading Down 0.9 %

Shares of RSPU traded down $0.56 during mid-day trading on Monday, reaching $64.47. The company’s stock had a trading volume of 43,007 shares, compared to its average volume of 32,785. Invesco S&P 500 Equal Weight Utilities ETF has a 52 week low of $51.02 and a 52 week high of $71.77. The company’s fifty day moving average price is $67.62 and its two-hundred day moving average price is $65.50. The stock has a market cap of $283.67 million, a PE ratio of 17.76 and a beta of 0.69.

Invesco S&P 500 Equal Weight Utilities ETF Company Profile

The Invesco S&P 500 Equal Weight Utilities ETF (RSPU) is an exchange-traded fund that mostly invests in utilities equity. The fund tracks an equal-weighted index of S&P 500 utilities companies. RSPU was launched on Nov 1, 2006 and is managed by Invesco.